Plan Ledger DOL Form 5500 · updated monthly

Watchguard Technologies, Inc.401(k)

WATCHGUARD TECHNOLOGIES, INC 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.30%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Watchguard Technologies, Inc. reported $185,808 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,842 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.38% to 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 267th-largest of 1,714 plans among Washington employers on file, and the 2,631st of 13,661 in manufacturing. In 2024, employees put in $7.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$64,356,692
Participants with balances519
Active participants320
Employer contributions$589,292
Employee contributions$4,384,349
Employer contribution per active participant$1,842
Average account balance$124,001
Benefits paid to participants$6,283,158
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$64.4M · 519 accts · $589K emplr
2023$58.0M · 551 accts · $632K emplr
2022$48.8M · 546 accts · $647K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,175
Investment management$183,633
Total administrative$185,808
The Watchguard Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,842
Median for plans this size$3,635
2024$1,842 per active participant
2023$1,999 per active participant
2022$1,849 per active participant

Watchguard Technologies, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$185,808

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$185,808 · 0.30%
2023$213,373 · 0.40%
2022$196,869 · 0.38%
Same employer
Similar plansManufacturing · Washington
Michelsen Packaging Company WA$72.4M · 0.18%
Impinj, Inc. WA$71.1M · 0.20%
Nlight, Inc. WA$69.4M · 0.25%
Oberto Snacks Inc. WA$66.6M · 0.25%
Twin City Foods, Inc. WA$63.4M · 0.13%
Norpac Resources, LLC WA$60.7M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911712427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.